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Learn how economic shifts and market dynamics are shaping vehicle depreciation trends and impacting fleet management strategies.
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Overall truck segment values declined 0.83% last week, compared to 0.99% the week before.
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Overall used vehicle values, and truck values in particular, were down month-over-month in October, according to Black Book’s latest Used Vehicle Retention Index.
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Car values continued to weaken and truck values strengthened last week, as the summer months approach.
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The Internal Revenue Service update of the depreciation limits for higher-priced passenger vehicles should have minimal impact on commercial leasing, fleet management company executives said.
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In the month preceding the start of the Spring season, trucks continued to show the resilience they've shown in past months. A few key segments showed particular strength and luxury vehicles continued to struggle.
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A steady supply, thriving shipping market, and increased demand helped stabilize wholesale values going into 2019.
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Prices and volume are not expected to plummet in 2019, but industry experts seem to feel that the best-case scenario will be a plateau, and more realistically, will fall slightly.
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Wholesale values declined 0.3% for model years 2016-2017 and 0.2% for model years 2008-2015 in December.
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The passenger car segment was a main contributor to the the rise in used-vehicle prices in 2018.
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